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423.8K views
Ungated version of my @bsindia piece with @FelmanJosh on whether India’s economic growth is accelerating or decelerating
237.4K views
The April GST number (₹ 2.1 trn.) is a record
But focus must be on revenues, net of refunds, not on headline collections
Despite recovery from the pandemic & better implementation, GST revenue for FY24 @ 6.1 % of GDP has still (after 7 years) not surpassed pre-GST level
1/
101.2K views
Devesh Kapur & I are pleased that, after 4-5 years of researching & writing & decades of reflection, our @HarperCollinsIN book on 75 years of Indian development (A SIXTH OF HUMANITY) will be out in October
Announcement: https://t.co/Z6fRQLLsUU
Pre-order: https://t.co/3wpPNNAxp1
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🔥 Top post: Ungated version of my @bsindia piece with @FelmanJosh on whether · 423.8K views
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🔥 Top post
Ungated version of my @bsindia piece with @FelmanJosh on whether India’s economic growth is accelerating or decelerating
Devesh Kapur & I are pleased that, after 4-5 years of researching & writing & decades of reflection, our @HarperCollinsIN book on 75 years of Indian development (A SIXTH OF HUMANITY) will be out in October
Announcement: https:…
This is a national tragedy, violating the spirit of the Good & Simple Tax the GST was meant to be
The folly is compounded because instead of at least moving in the direction of simplicity we are veering to greater complexity, difficul…
As we celebrate @DGukesh’s incredible win to become world champion it is time to mark the occasion with a Bharat Ratna for @vishy64theking, the 5-time world champion, & the inspiration & mentor for the Indian chess revolution. In a…
The April GST number (₹ 2.1 trn.) is a record
But focus must be on revenues, net of refunds, not on headline collections
Despite recovery from the pandemic & better implementation, GST revenue for FY24 @ 6.1 % of GDP has still (aft…
India's vaccine pricing being complicated/politicized.
Three simple principles to follow.
1. Govt. should pay manufacturers reasonable price. This is not the time for haggling and creating uncertainty for private sector, domestic or for…
2. There should be only ONE price for vaccine jabs all over India. That price should be ZERO. So, vaccines should be free for all
Differentiation and complexity are unethical, unnecessary, and difficult to implement.
Free vaccines for a…
3. The Center-NOT states-should bear full fiscal "costs" of vaccines.
Why?
--Virus does not respect state borders.
--Center has better access to resources than states
--Fiscal "costs" are trivial compared to lives saved and economic acti…
1/ The India-vs.-Bangladesh GDP per capita comparison (post @IMFNews WEO) has sparked anxiety & acrimony
But wrong numbers being compared
NO, on more appropriate metric, India has not been surpassed and, according to IMF, unlikel…
I am thrilled that beginning July, I will be joining @AshokaUniv as professor in the economics department and founding director of the Ashoka Center for Economic Policy which will attempt to do research and analysis on India and global dev…
Wanted: Committee to Save the World. Coronavirus pandemic requires a global response especially as threat spreads to poorer countries. But the Kissinger question haunts,"Whom should we call?" 1/n
My @IndianExpress op-ed on impact of methodological changes on India's GDP growth post 2011-12. Reported annual average growth is about 7%. I estimate it at about 4.5%. 1/n:
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